GEE Group Q2 fiscal 2023 revenue $38.9M, net income $0.7M; announces $20M share repurchase

GEE Group Inc.

2023-Q2 EPS reported $0.01 revenue$80,007,000

Consolidated revenue $38.9M (-2% YoY); professional contract services $30.8M, direct hire $4.9M.
GAAP net income $0.7M ($0.01 diluted EPS); adjusted EBITDA $1.7M vs. $3.4M in Q2 2022.
Cash balance $20.1M, zero long-term debt; $13.3M available under ABL credit facility.
Board authorized $20M share repurchase plan through end of calendar 2023.
Implemented ~$4M annualized cost reductions; expects positive impact for remainder of fiscal 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GEE Group Inc. reported second quarter ended March 31, 2023 results: net income $0.7 million, EPS $0.01 per diluted share.

Period: second quarter ended March 31, 2023
Net income: $0.7 million
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

Net income for the three and six-month periods ended March 31, 2023, was $0.7 million, or $0.01 per diluted share, and $1.3 million, or $0.01 per diluted share, as compared with net income of $1.1 million, or $0.01 per diluted share, and $17.8 million, or $0.15 per diluted share for the three and six-month ended March 31, 2022.

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Source: SEC EDGAR

accession 0001477932-23-003675

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